{"schema_version":"secwatch.filing_event.v1","accession":"0001170010-23-000062","form_type":"8-K","ticker":"KMX","cik":"0001170010","company_name":"CARMAX INC","filed_at":"2023-06-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.131514+00:00","generated_at":"2026-06-13T17:38:34.033132+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"CarMax Q1 net sales fall 17.4% to $7.7B; diluted EPS $1.44 (incl $0.28 legal benefit)","bullets":["Net revenues $7.7B, down 17.4% YoY; retail used unit sales down 9.6%, comparable store down 11.4%.","Net earnings per diluted share $1.44, down from $1.56; includes $0.28 benefit from legal settlement.","CarMax Auto Finance income fell 32.8% to $137.4M on net interest margin compression and higher loan loss provision.","SG&A decreased 14.8% to $559.8M; excluding $59.3M legal settlement, SG&A down 5.7%.","Bought 343,000 vehicles (down 5.2% YoY); no share repurchases in Q1, $2.45B remaining authorization."],"urls":{"canonical":"https://secwatch.observer/filing/0001170010-23-000062","json":"https://secwatch.observer/filing/0001170010-23-000062.json","markdown":"https://secwatch.observer/filing/0001170010-23-000062.md","text":"https://secwatch.observer/filing/0001170010-23-000062.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1170010/000117001023000062/0001170010-23-000062-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1170010/000117001023000062/kmx-20230623.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T17:38:34.033132+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"251942d009b8ae91c5af8c5ea6a13ab62d0fa483","claim":"CARMAX INC reported first quarter ended May 31, 2023 results: revenue $7.7 billion, EPS $1.44.","evidence_excerpt":"FISCAL 2024 RESULTS Richmond, Va., June 23, 2023 – CarMax, Inc. (NYSE:KMX) today reported results for the first quarter ended May 31, 2023. Highlights : • Net revenues were $7.7 billion, down 17.4% compared with the prior year first quarter. • Retail used unit sales declined 9.6%, and comparable store used unit sales declined 11.4%, each from the prior year’s","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1170010/000117001023000062/0001170010-23-000062-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended May 31, 2023"},{"label":"Revenue","value":"$7.7 billion"},{"label":"EPS","value":"$1.44"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}